2008 M5 Lease (SCORED) & 20" GFG Wheels
05-09-2008, 10:29 AM
#11
Contributors
Join Date: May 2007
Location: Pittsburgh, PA
Posts: 3,987
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 Alpine White 550i Sport, Cream Beige Interior, 6-Sp Manual - retired 9/2011
Originally Posted by slickrick' post='577022' date='May 9 2008, 01:58 AM
Thats better than Dave's deal, you did great. Enjoy the car now let us see some picts.
Can't wait to see some pics with those rims!
05-09-2008, 09:51 PM
#12
Contributors
Join Date: May 2007
Location: Pittsburgh, PA
Posts: 3,987
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 Alpine White 550i Sport, Cream Beige Interior, 6-Sp Manual - retired 9/2011
Originally Posted by pochesq' post='576908' date='May 8 2008, 08:23 PM
Ok my lease details for the $97k msrp ride ($82k cap cost): $5k total drive-off, $899/month plus tax, 24 months @ 10k miles/year. Is that a steal or what?
Using May's figures, with 71% residual at 24mo and MF of .00258, the monthly should have come to $803/mo not including tax. What is the lease tax in California where you live? Multiply it by that tax rate, and that should have been your monthly payment. You may have rounded your MSRP and CAP COST? If you didn't, then these figures are correct, give or take $5.
Going back to April's finance numbers, since I am not sure when you did this deal, the 24-mo residual was 73% on 10k miles, with all else the same. Your payment on an April lease would have come to just $727/mo, not including tax. WOWOWEE!
I am still jealous, regardless!
05-10-2008, 07:01 AM
#13
Members
Thread Starter
Join Date: Apr 2008
Location: Los Angeles, CA
Posts: 12
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 M5 w/ GFG Wheels
2007 Escalade ESV w/ 24" Asanti
Originally Posted by DrLev99' post='577631' date='May 9 2008, 10:51 PM
I just did the math with your given numbers, and since I just did my deal a few weeks ago, I am familiar with the figures.
Using May's figures, with 71% residual at 24mo and MF of .00258, the monthly should have come to $803/mo not including tax. What is the lease tax in California where you live? Multiply it by that tax rate, and that should have been your monthly payment. You may have rounded your MSRP and CAP COST? If you didn't, then these figures are correct, give or take $5.
Going back to April's finance numbers, since I am not sure when you did this deal, the 24-mo residual was 73% on 10k miles, with all else the same. Your payment on an April lease would have come to just $727/mo, not including tax. WOWOWEE!
I am still jealous, regardless!
Using May's figures, with 71% residual at 24mo and MF of .00258, the monthly should have come to $803/mo not including tax. What is the lease tax in California where you live? Multiply it by that tax rate, and that should have been your monthly payment. You may have rounded your MSRP and CAP COST? If you didn't, then these figures are correct, give or take $5.
Going back to April's finance numbers, since I am not sure when you did this deal, the 24-mo residual was 73% on 10k miles, with all else the same. Your payment on an April lease would have come to just $727/mo, not including tax. WOWOWEE!
I am still jealous, regardless!
05-10-2008, 09:05 AM
#14
Senior Members
Join Date: Apr 2008
Location: Cerritos
Posts: 1,991
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: Jet Black 530i with some mods
Originally Posted by pochesq' post='576908' date='May 8 2008, 05:23 PM
My first post on this board. Last month I picked up my 2008 M5 fully loaded, sapphire black, HUD, rear heated seats, rear fold down, multi-function & active seats, ipod, soft close, shades, HD & SAT radio, primo leather and 6-speed tranny (so I can learn to drift, really). Ok my lease details for the $97k msrp ride ($82k cap cost): $5k total drive-off, $899/month plus tax, 24 months @ 10k miles/year. Is that a steal or what? Caveat was that it was a demo with 1700 miles, but that's ok, I didn't have to wait the first 1000 miles to press the "M" button and get my groove on! 
I also bought a set of 20" GFG Basel 5 (three-piece forged modular wheels), which will be custom built and sent to me within a few weeks. I'll take some pix of the car when I get them installed.
I also bought a set of 20" GFG Basel 5 (three-piece forged modular wheels), which will be custom built and sent to me within a few weeks. I'll take some pix of the car when I get them installed.
Cant wait to see the new shoes poch!!
05-10-2008, 10:22 AM
#15
Members
Thread Starter
Join Date: Apr 2008
Location: Los Angeles, CA
Posts: 12
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 M5 w/ GFG Wheels
2007 Escalade ESV w/ 24" Asanti
Originally Posted by leggomysakyo' post='577829' date='May 10 2008, 10:05 AM
Cant wait to see the new shoes poch!!
05-10-2008, 01:54 PM
#16
Contributors
Join Date: May 2007
Location: Pittsburgh, PA
Posts: 3,987
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 Alpine White 550i Sport, Cream Beige Interior, 6-Sp Manual - retired 9/2011
Originally Posted by pochesq' post='577778' date='May 10 2008, 11:01 AM
LOL I leased in late March. The cap cost may be a little higher than posted but it shouldn't be more than a couple of thousands off. The dealership (New Century BMW) had the car advertised in the LA Times at $999/month, but when I arrived at the dealership, there was a red sticker on the vehicle which said $899 month so I made them honor their mistake ($2400 mistake, which the finance managers were arguing to each other about). Thanks.
Sweet deal, however you got it! A 550i that I could've leased for $824 last month is now over $1K/mo due to the 4% drop in residual at 24 months. That's a big drop in 1 month. And, BMW raised the interest rates on the 550i, also. I guess I am keeping the M5, after all! 
05-10-2008, 05:40 PM
#17
Members
Thread Starter
Join Date: Apr 2008
Location: Los Angeles, CA
Posts: 12
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 M5 w/ GFG Wheels
2007 Escalade ESV w/ 24" Asanti
Originally Posted by DrLev99' post='577942' date='May 10 2008, 02:54 PM
Come now...we shouldn't be exaggerating things by thousands of dollars! Sweet deal, however you got it! A 550i that I could've leased for $824 last month is now over $1K/mo due to the 4% drop in residual at 24 months. That's a big drop in 1 month. And, BMW raised the interest rates on the 550i, also. I guess I am keeping the M5, after all!
Sweet deal, however you got it! A 550i that I could've leased for $824 last month is now over $1K/mo due to the 4% drop in residual at 24 months. That's a big drop in 1 month. And, BMW raised the interest rates on the 550i, also. I guess I am keeping the M5, after all! 
06-02-2008, 10:23 PM
#19
Members
Join Date: Jul 2007
Posts: 14
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by providenceleaf' post='578016' date='May 10 2008, 07:23 PM
WOW...that's a fantastic deal. Congrats!
Best wishes with the car.
Greer
